How to go from entrepreneur to businessman
Posted: Thu Dec 12, 2024 10:35 am
How to go from entrepreneur to businessman is one of the questions that keeps thousands of small business owners born in recent years awake at night, fueled in many cases by the crisis and entrepreneurial fever.
In reality, the underlying question is the same one that many entrepreneurs and managers of relatively established SMEs are asking themselves. Some are concerned about how to cope with the growth of their company , others about achieving a more relevant position in the market and many about stabilising the economic situation of their business.
For an entrepreneur, the most common and most important challenge is to develop a sustainable business model . A model that reduces the risks and instability associated with the early stages of a company's life, in order to achieve the desired stability and profitability.
Over the last few years, both in my role as director of Nementio bosnia and herzegovina phone number library through the Iniciador foundation with which I collaborate, I have seen many cases of entrepreneurs who have managed to make the step to becoming businessmen, and many others who have not succeeded.
In this article I have tried to summarize some practices and tools that I believe any entrepreneur who wants to become a successful businessman can find interesting.
Create a clear business vision
By creating a business vision, you are materializing what you want your business to look like in the future . The goal is to create a new version of your company, initially on paper, in which you translate your future vision of a thriving and profitable business.
Having a vision helps you maintain a reference that helps you stay close to your passion and values, and avoid opportunities, relationships and decisions that can negatively affect your plans and your brand.
The vision can be as simple as a single line, or it can be a short paragraph. It defines the main ideas and motivations that will give your business shape and direction. It is also a very useful tool for guiding and motivating your employees.
Create a business plan
The difference between having a vision and making it a reality lies in having a business plan that takes you, step by step, towards your goals.
A business plan should not be a long, drawn-out document that you write once and never look at again. Most of the successful entrepreneurs I know keep their plan concise, in a 2-3 page document that is etched in their minds and keeps them focused on the tasks that have allowed them to grow their business in a sustainable way.
In reality, the underlying question is the same one that many entrepreneurs and managers of relatively established SMEs are asking themselves. Some are concerned about how to cope with the growth of their company , others about achieving a more relevant position in the market and many about stabilising the economic situation of their business.
For an entrepreneur, the most common and most important challenge is to develop a sustainable business model . A model that reduces the risks and instability associated with the early stages of a company's life, in order to achieve the desired stability and profitability.
Over the last few years, both in my role as director of Nementio bosnia and herzegovina phone number library through the Iniciador foundation with which I collaborate, I have seen many cases of entrepreneurs who have managed to make the step to becoming businessmen, and many others who have not succeeded.
In this article I have tried to summarize some practices and tools that I believe any entrepreneur who wants to become a successful businessman can find interesting.
Create a clear business vision
By creating a business vision, you are materializing what you want your business to look like in the future . The goal is to create a new version of your company, initially on paper, in which you translate your future vision of a thriving and profitable business.
Having a vision helps you maintain a reference that helps you stay close to your passion and values, and avoid opportunities, relationships and decisions that can negatively affect your plans and your brand.
The vision can be as simple as a single line, or it can be a short paragraph. It defines the main ideas and motivations that will give your business shape and direction. It is also a very useful tool for guiding and motivating your employees.
Create a business plan
The difference between having a vision and making it a reality lies in having a business plan that takes you, step by step, towards your goals.
A business plan should not be a long, drawn-out document that you write once and never look at again. Most of the successful entrepreneurs I know keep their plan concise, in a 2-3 page document that is etched in their minds and keeps them focused on the tasks that have allowed them to grow their business in a sustainable way.